Investment Ideas: Space VC, and how to pick a World Equities ETF
This is the last note before Xmas. Normal service will resume the middle of the week after next, in the New Year, with a special issue on Jan 5th, The Big Calls of 2023.
Space VC: downside protection on VC deals?
Regulars will know that I’ve been trying to figure out how to value listed venture capital funds. The huge discounts compared to NAVs tells us that the market is already making up its own mind in the case of say Molten or Chrysalis. But some funds have been bucking the trend and reporting increased NAVS even whi…
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